Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price raised by TD Securities from C$125.00 to C$135.00 in a research report sent to investors on Friday. TD Securities currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. National Bank Financial raised their target price on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the stock an outperform rating in a report on Friday. Barclays raised their target price on shares of Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a report on Friday. BMO Capital Markets reissued a market perform rating and set a C$118.00 target price on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 25th. Scotiabank raised their target price on shares of Canadian Imperial Bank of Commerce from C$128.00 to C$135.00 in a report on Friday. Finally, Royal Bank Of Canada raised their target price on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the stock a sector perform rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of C$124.92.

Canadian Imperial Bank of Commerce (TSE:CM) opened at C$120.34 on Friday. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$122.56.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Thursday, December 28th will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, December 27th. This represents a $5.20 annualized dividend and a yield of 4.32%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 44.28%.

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About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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